Loading chat...
NY A00666
Bill
Status
Introduced
1/8/2025
Primary Sponsor
Maryjane Shimsky
Click for details
AI Summary
-
Expands the definition of "income" for enhanced STAR exemption eligibility to exclude distributions from thrift savings plans established prior to January 1, 1984, from adjusted gross income calculations
-
Applies the same income exclusion to both the real property tax law (STAR exemption) and the tax law (STAR credit) provisions
-
Updates gendered language from "his or her" to "the individual's" in income reporting requirements for those who did not file tax returns
-
Takes effect on January 1 following enactment
Legislative Description
Includes distribution from a thrift savings plan in the definition of income in relation to the enhanced STAR exemption.
Last Action
referred to real property taxation
1/7/2026
Committee Referrals
Real Property Taxation1/8/2025
Full Bill Text
No bill text available